- Business
- Zhejiang XinNong Chemical Co.,Ltd. researches, develops, produces and markets pesticides and pharmaceutical intermediates primarily in China. The company offers fungicides including zinc thiazole and its formulations such as the Biheng series, insecticides such as chlorpyrifos and triazophos, herbicides and other specialty agrochemicals focused on high-efficiency, low-toxicity and eco-friendly solutions; it also provides pesticide preparations and technical-grade active ingredients. Products are sold domestically across 30 provinces and exported to Southeast Asia, Europe, the United States, Australia and Africa, serving growers and agrochemical distributors through partnerships with six of the top 10 global agrochemical multinationals. Founded in 1981 and headquartered in Hangzhou, Zhejiang Province, the company maintains production bases in Xianju and Jiaojiang in Zhejiang as well as Rudong in Jiangsu, employing about 1,259 people as a national high-tech enterprise listed on the Shenzhen Stock Exchange (002942.SZ) since 2018. Recent developments include reporting net profit attributable to shareholders of 103 million renminbi for the first three quarters of 2024, up significantly year-over-year with revenue growth of 17.20 percent amid expanding formulation sales primarily in the domestic market; the company is actively broadening overseas formulation exports, enhancing technical marketing for zinc thiazole products and confirming no short-term raw material shortages.